News Highlights: Top Company News of the Day
March 05 2021 - 7:15AM
Dow Jones News
Costco, Kroger Deserve Some Respect
While pandemic-era sales growth won't be sustainable for major
grocers, pandemic-era efficiency gains will survive.
Shutterfly in Talks to Go Public Through SPAC
The discussions come less than two years after Apollo Global
Management took the online-photo-book company private.
CoStar Cites Rising Interest Rates in Dropping Its Bid for Data Firm
The takeover battle for CoreLogic highlighted investor interest
in the housing market.
Costco Sales Rise 15% in Latest Quarter
The wholesale retail chain's sales climbed again as Americans
continue to shop for food and goods for the home during the
pandemic.
Aggreko Agrees to Takeover by Private Equity Consortium
Aggreko has agreed to be bought by private equity firms, I
Squared and TDR Capital for GBP2.32 billion in cash.
Norsk Hydro Sells Rolling Unit in $1.7 Billion Deal
Norway's Norsk Hydro has agreed to sell its rolled-products
business to U.S. private-equity firm KPS Capital Partners in a deal
worth $1.66 billion.
Gap CEO Predicts Apparel Rebound as People Emerge From Covid-19
Gap executives said consumers are eager to buy the kinds of
apparel that they have been able to forgo during much of the
Covid-19 pandemic.
YouTube CEO Says Trump Suspension to Last Until Violence Risk Decreases
Susan Wojcicki says a recent Capitol Police warning indicates an
"elevated violence risk still remains."
Google Crushed Many Digital Ad Rivals. But a Challenger Is Rising.
Alphabet's Google has crushed almost all its competitors in the
world of digital-advertising technology, but one rival, The Trade
Desk, has emerged as the best hope to challenge the tech giant.
Joann Inc. Sets IPO at 10.9 Million Shares, Sees Pricing at $15-$17 Each
At the $16 midpoint of its price range, the company said it
expects net proceeds of $78.2 million, or roughly $102.7 million if
underwriters exercise their option to buy an additional 1.64
million shares.
(END) Dow Jones Newswires
March 05, 2021 07:00 ET (12:00 GMT)
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